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Fed Governor Christopher Waller said the central bank will be able to cut rates this year if inflation doesn't heat back up, but he sees "no reason to move quickly."
Inflation rates came in higher than anticipated in December, as the Consumer Price Index (CPI) rose 0.3% in December.
NEW YORK: US stocks closed little changed on Thursday (Jan 11) as news of hotter-than-expected inflation and signs of labour market strength dampened ...
US stocks closed little changed on Thursday as news of hotter-than-expected inflation and signs of labour market strength...
In a choppy session, equities opened higher and the benchmark S&P 500 briefly surpassed its record closing high of 4,796.56, hit in January 2022, before erasing initial gains.